Chances are, anytime you have gone to the doctor’s office presenting the symptoms of an illness or injury, your healthcare provider has demanded that you undergo diagnostic testing of some sort. Diagnostic and medical testing incorporates a broad variety of physical examinations-both invasive and non-invasive-provided by the medical professionals to endure the existence or absence of illness/syndrome in patients.
According to the report analysis, ‘UAE Diagnostic and Medical Testing Market Current Analysis and Forecast (2017-2026)’ states that with the growth in lifestyle diseases, shift in care models and innovative healthcare delivery approaches worldwide comprising the aim on preventative rather than restorative care, the diagnostics & medical testing industry around the UAE is well poised to augment. Clinical laboratory services are a critical component of the healthcare sphere provided their impact and effectiveness to convey reliable and high-quality healthcare to patients. Laboratory tests support determine the presence, magnitude or non-existence of disease and monitor the usefulness of treatment. Clinical Laboratory services are categorized into 2 broad categories: pathology testing and imaging laboratory services. As per Frost & Sullivan’s research during 2019, Abu Dhabi & Dubai collectively underwritten up to significant percentage of the test volumes of the overall laboratory market around UAE. Both Emirates have improved healthcare infrastructure in the form of hospitals, clinics and laboratory centres along with higher penetration in the private healthcare segment.
In addition, the UAE diagnostic and medical testing market proposes proficient growth potential for the prevalent as well as emerging product producers. Technological improvements in POC devices, increasing incidence syndromes, and augment in the investments by the foremost players are the foremost aspects propelling the growth of the diagnostic and medical testing market.
Based on the end user, the market is segmented into B2B End-users, B2C End-users, Lab Management & COVID. The B2B End-users sector grabbed the foremost market and registered the market. The segment created revenue of USD xx million during 2020. For a better understanding of the market implementation of the UAE Diagnostics and Medical Testing, the market is analysed based on its regional requirement in the regions such as Dubai, Abu Dhabi & Rest of UAE. Abu Dhabi dominated the market and created xx million in terms of volume during 2020 due to greater number of laboratories, augmented the spending in health infrastructure & government aim & favourable policies on healthcare around the country.
Increasing medical spending by the government and regulatory bodies is predicted to propel the market throughout the review duration. Government and foremost organizations are constantly employed in motivating patients to undergo regular diagnostic examinations.
In UAE, the multinational healthcare organization aid in the discovery of the novel approaches and encourage the awareness the eradication and diagnosis of primary as well as chronic syndromes. Speedy external funding to the clinical studies conducted for the improvement of the novel innovative diagnostics tests is projected to boom the market.
In addition, NRL, Al Borg Lab, Medsol, MENA Labs, Purehealth, Unilabs, Cleveland Clinic Abu Dhabi, SRL Diagnostics, Thumbay Labs, Life Diagnostics, Yok Labs are some of the prevalents players operating around the UAE Diagnostics and Medical Testing market. Countless M&As along with partnerships have been undertaken by such players to facilitate consumers with hi-tech and ground-breaking products/technologies.
A continuous augment observed in the prevalence of the chronic syndromes along with the great requirement for the speedy products for assessment of the health situations is projected to propose the market a proficient momentum during the near future. This is projected to deliver the lucrative choices to functional entities as blood testing is fundamental for the regular observing the syndromes. Not only has this, the convey swift services, hospital, clinics and several other healthcare amenities are delivering the advanced tests. An exponential augment in the number of COVID-19 cases around the UAE is booming the requirement for large-capacity diagnostic and medical testing.
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Ankur Gupta, Head Marketing & Communications